Michigan Law School's recently revised loan repayment assistance program (LRAP), called the Income-Based Debt Management Program, dovetails beautifully with the federal government's Income Based Repayment (IBR) plan. Our program takes advantage of the positive aspects of the government's program, while eliminating some of the less attractive aspects of IBR, such as the risk of increasing debt. Katherine Gottschalk, our former Assistant Dean for Financial Aid, answers some questions that are frequently asked.
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